Allegiant withdraws proposed $300 million offering

By Eleanor Steed
September 21, 2016 14:37

Allegiant Travel Company has announced the withdrawal of the proposed offering of $300 million aggregate principal amount of senior notes due 2023 as a result of adverse market conditions. The proposed offering was an opportunistic capital raise with no requirements or conditions. The company says it will continue to explore the raising of both secured and unsecured debt opportunistically when available on acceptable terms.